A sizeable minority of respondents (39 — 40 %) see bitcoin as a potential analog to physical gold, both as a safe haven and a hedge against mistakes
in central bank monetary policy.
Not exact matches
MONDAY, MAY 14 OSLO -
Central Bank chief Oystein Olsen participates
in consultation on the implementation of
monetary policy in the Storting's Financial Committee 1015 GMT.
In terms of data, the European
Central Bank released its latest monetary policy meeting accounts which showed some divergent opinions withing the bank's bo
Bank released its latest
monetary policy meeting accounts which showed some divergent opinions withing the
bank's bo
bank's board.
The euro could rally Thursday afternoon
in the aftermath of a
monetary policy meeting from the European
Central Bank (ECB), despite earlier reports suggesting a dovish stance from President Mario Draghi.
As far back as 2002, while vice minister, Kuroda used an opinion column
in the Financial Times, co-written with his deputy at the finance ministry, to call for «aggressive
monetary policy» from the
central bank, including an inflation target, aimed at «drastically changing price expectations.»
Many
in the
central bank, including outgoing Governor Masaaki Shirakawa, are sceptical that
monetary policy can impact public sentiment, so they do not buy into the idea that a change
in policy would raise inflation expectations.
The
central bank kept its inflation forecast for this year at 2.7 percent but said that some of its
monetary policy committee members «moved a little closer» to their limits for tolerating an overshoot
in the
bank's inflation target.
Jens Weidmann, president of the German
central bank, said
in a recent speech he fears that
monetary policy will become increasingly subject to political influence.
The European
Central Bank (ECB) dropped its easing bias on Thursday, fueling expectations that it will normalize
monetary policy in the euro area.
The area's third - largest economy had appeared to be emerging from a long period of stagnation thanks to the European
Central Bank's loose
monetary policy, improvements
in the balance sheet of its
banks and the first fruits of Prime Minister Matteo Renzi's labor market reform.
A television monitor shows Mario Draghi, president of the European
Central Bank (ECB), speaking during a news conference to discuss
monetary policy in Tallinn, Estonia, on Thursday, June 8, 2017.
Similarly, the euro, which briefly hit its lowest since March 15, was on track for its worst week
in seven as investors this week have revised their expectations for when the European
Central Bank will begin to tighten
monetary policy.
Seen as one of the most important members of the Fed's rate - setting committee, Dudley said the
central bank was
in no rush to tighten
monetary policy.
But the figures are further illustration of how even an ultra-loose
monetary policy from the European
Central Bank, which has driven the euro to a 12 - year low against the dollar this year, still hasn't created a self - sustaining recovery
in the region.
Growing doubts about when the European
Central Bank will normalize its
monetary policy has hurt the euro against the dollar
in recent weeks.
As a result, economists argue politicians should be doing everything possible to ensure the private sector
in this country is strong enough to support the economy when stimulus dollars disappear and
central banks tighten
monetary policy.
«Given the downgrade to our outlook, Governing Council actively discussed the possibility of adding more
monetary stimulus at this time,
in order to speed up the return of the economy to full capacity,» Poloz said after the release of the
central bank's latest
policy announcement.
«Tighter global
monetary policy is needed
in order to contain inflation pressures and ward off financial stability risks,» the Basel - based
central bank of
central banks warned
in its most recent annual report.
After weakening at the start of 2018, a rise
in U.S. Treasury yields have helped the dollar stage a recovery
in the past fortnight at the same time as doubts grow about when the European
Central Bank (ECB) will tighten
monetary policy.
UBS Chairman Axel Weber speaks about sentiment
in markets and
monetary policy from major
central banks.
«
Central banks have largely lost their power to ease... We now have a situation
in which we have largely no spreads and so as a result the transmission mechanism of
monetary policy will be less effective.
Mired
in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve,
Bank of Japan and the European
Central Bank said their efforts to bolster the economy through
monetary policy may falter unless elected leaders stepped forward with bold measures.
«Probably
in my mind the poster child for a
central bank mistake was actually the U.S. Federal Reserve
in 2003 and 2004... we had great conviction that the Federal Reserve was making a mistake with way too loose
monetary policy.»
Begun back
in 2011, the quarterly parleys with reporters rarely provide any market - moving news, instead serving as an opportunity for
central bank chiefs to carefully convey
monetary policy direction without dropping any surprises that could jolt investors.
These contrasting inflation outlooks suggest further
monetary policy divergence is ahead (read more on this divergence and its investing implications
in our recent post Opportunities emerge as
central banks diverge.).
In the currency markets, the differing messages of the world's major
central banks on inflation and
monetary policy prodded the dollar higher against the yen ahead of a series of appearances by U.S. Federal Reserve officials this week.
BOJ Governor Masaaki Shirakawa's term expires
in April and the appointment of his successor is
in the spotlight given the pressure on Japan's
central bank to pursue an aggressive
monetary policy.
WASHINGTON (Reuters)- A majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the
central bank, likely ensuring continuity
in monetary policy.
The
central bank says
in its latest analysis that the economy continues to depend on
monetary stimulus, so has decided to keep the trendsetting
policy rate at one per cent.
Mario Draghi, President of the European
Central Bank (ECB), speaks during a news conference to discuss
monetary policy in Tallinn, Estonia, on Thursday, June 8, 2017.
Central banks have come under fire
in recent months over their divergent
monetary policies that have left financial markets confused and market watchers skeptical.
The U.S.
central bank's
monetary -
policy committee raised benchmark borrowing costs by a quarter percentage point to a range of 1.5 % to 1.75 %,
in Jerome Powell's first meeting as Fed chairman.
Recently, short - term rates have risen as a growing number of
central banks reverse their overly accommodative
monetary policy in response to better economic conditions.
The
central bank's latest
monetary policy report, which lowered growth expectations for 2016 and 2017, could force Trudeau to rein
in his spending plans upon returning to the House of Commons.
Central banks had eased
monetary policy aggressively, including taking short - term interest rates to near zero
in several cases, and some were considering or implementing «unconventional» measures to deliver additional stimulus.
The notion is that by pursuing a slightly tighter
monetary policy, the
central bank would take out insurance against the risk that the rise
in asset prices is a bubble and that its busting would be disruptive.
And the success of this process will depend
in part on the ability of
central banks to conduct
monetary policy in a manner consistent with achieving low inflation.
Many investors have been surprised at the complacency
in the markets given geopolitical risks (North Korea, for example), domestic political risks (tax reform, trade war, etc.) and
central banks in the U.S., Europe and China either removing, or talking about removing,
monetary -
policy accommodation.
Over 2018, we expect the direction of European fixed income markets to be determined principally by European
Central Bank (ECB)
monetary policy and the political backdrop,
in much the same way as these two factors have dominated 2017.
«There is a risk building up
in this regard, and on top of that, the tricky issue is that there are many triggers that could wake up this sleeping lion,» said David Daokui Li, a prominent Tsinghua University economist who is a member of the Chinese
central bank's
monetary policy committee.
Central banks have tried to learn from such episodes, using
monetary policy tools to keep inflation
in check.
By conducting
policy in a transparent way and communicating what is important
in determining the
central bank's reaction function, I think policymakers can strike the best balance between a
monetary policy that fully incorporates the complexity of the world as it is, while, at the same time, retaining considerable clarity about how the FOMC is likely to respond to changing circumstances.
«Virtual currency is easier to trace, allowing the
central bank to monitor its velocity and the whereabouts of the money and improve its
monetary policies accordingly,» added Qian, calling digital legal tender the «jewel
in [the] crown of FinTech.»
«Unless quite substantial tightening of
monetary policy is delivered, the lira will remain volatile,» Rabobank's Matys said, adding the
central bank may have to consider an emergency
policy meeting beforehand, as was the case
in January 2014.
Anticipating critics who might say that the European
Central Bank is not
in full control of the eurozone's
monetary policy if it shares the risk of its program, Mr. Draghi said, «The singleness of
monetary policy remains
in place.»
It will «flexibly use various
monetary policy tools» to keep appropriate liquidity and reasonable credit growth, the
central bank said
in a statement Tuesday after a quarterly committee meeting.
An additional problem with coordinating fiscal and
monetary policy is that freedom from electoral and political pressures is part of the case for having independent
central banks in the first place.
The United States Federal Reserve System works similarly to
central banks in many other countries, with a goal of managing economic growth, inflation, and other economic factors through
monetary policy.
Tesla's continued existence, despite obvious operational and financial problems that were growing
in scale by the week, was enabled by the most lascivious
monetary policy in U.S.
Central Bank history.
The European
Central Bank (ECB) announced last Thursday, April 26, 2018, that it would maintain its
monetary policy and bond - buying program, as growth
in the eurozone slowed
in the first quarter.